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Dec 10, 2012
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the government is encouraging contributions by giving the deduction. take it away your contribution and places like this will be worse off. >> reporter: the biggest tax deduction of all is also popular. the $84 billion a year mortgage interest deduction. >> if you're paying interest on your mortgage, you can deduct that, reduce your taxable income and therefore pay less to the i.r.s. >> reporter: does this deduction have a demonstrably fect on people's behavior, what they do when they're buying houses? >> it affects their behavior but in an odd way. it doesn't induce people to buy a house in the first place. it doesn't change their likelihood of buying. it induces them to pay more for a house or buy a bigger house. we're subsidizing big houses not homeownership. >> reporter: the amount you save depends on your marginal tax rate, the rate applied to money you earn once you reach your highest bracket. >> you save 5 cents for every dollar you duct in the 35%. if you're in the 15% tax bracket you only save had 15 cents. in terms of the home mortgage we're
the government is encouraging contributions by giving the deduction. take it away your contribution and places like this will be worse off. >> reporter: the biggest tax deduction of all is also popular. the $84 billion a year mortgage interest deduction. >> if you're paying interest on your mortgage, you can deduct that, reduce your taxable income and therefore pay less to the i.r.s. >> reporter: does this deduction have a demonstrably fect on people's behavior, what they do...
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Dec 3, 2012
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officials warned the syrian government not to use chemical weapons on its people. online, an update to a law in saudi arabia renews a debate about male guardianship. hari sreenivasan has more. >> sreenivasan: now whenever a saudi woman leaves the country, her husband or father receives a text message. the recent changes to the long- held system of male guardianship sparked outrage on twitter recently. i spoke to a journalist in saudi arabia who says the practice reinforces male control. our conversation is in the rundown. today's science roundup features dragonflies, or as one science writer calls them "the bengal tigers of the microworld." find the story on our home page. how can you secure a larger social security payment from an ex-spouse? the answer is in this week's installment of "ask larry." all that and more is on our web site, newshour.pbs.org. gwen? >> ifill: and that's the newshour for tonight. on tuesday, we'll look at turkey's request for nato to deploy patriot missiles along its border with syria. i'm gwen ifill. >> brown: and i'm jeffrey brown. we'll
officials warned the syrian government not to use chemical weapons on its people. online, an update to a law in saudi arabia renews a debate about male guardianship. hari sreenivasan has more. >> sreenivasan: now whenever a saudi woman leaves the country, her husband or father receives a text message. the recent changes to the long- held system of male guardianship sparked outrage on twitter recently. i spoke to a journalist in saudi arabia who says the practice reinforces male control....
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Dec 4, 2012
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but the government does. we see ourselves as supporting the government. >> reporter: the president cut the ribbon on the new hospital vowing his administration will do better. international donors who have with held half the $5 billion they pledged to rebuild haiti will closely watch how projects like this hospital fare. for many ordinary haitians the goal as one health worker put it is to make it to the end of each day alive. >> woodruff: fred's reporting is a partnership with the undertold stories project at st. mary's university in minnesota. >> ifill: over the past couple of weeks, generals, past and present, have found themselves in an uncomfortable spotlight. retired army general david petraeus resigned as director of the c.i.a. when he admitted to having an extramarital affair. the commander of u.s. and coalition forces in afghanistan, general john allen, is also under investigation for sending inappropriate e-mails to a women in tampa. the former commander of africa command, general william ward, was
but the government does. we see ourselves as supporting the government. >> reporter: the president cut the ribbon on the new hospital vowing his administration will do better. international donors who have with held half the $5 billion they pledged to rebuild haiti will closely watch how projects like this hospital fare. for many ordinary haitians the goal as one health worker put it is to make it to the end of each day alive. >> woodruff: fred's reporting is a partnership with the...
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Dec 5, 2012
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government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. house republicans reject that idea. and they've called for raising revenue without rate hikes, plus major savings in entitlement programs. the president argued today a partial deal is possible on taxes, if the g.o.p. will agree to raise rates on the top 2%. >> and if we can get the leadership on the republican side to take that framework, to acknowledge that reality, then the numbers actually aren't that far apart. another way of putting this is, we can probably solve this in about a week. >> reporter: despite issuing a warning to congressional republicans, the president also expressed optimism that some gop lawmakers may be warming to the idea of allowing taxes on the wealthy to rise. but here at the capitol today, congressional republican leaders said the president should focus less on tax increases and more on spending cuts >> we put an offer on the table. now he has out of
government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. house republicans reject that idea. and they've called for raising revenue without rate hikes, plus major savings in entitlement programs. the president argued today a partial deal is possible on taxes, if the g.o.p. will agree to raise rates on the top 2%. >> and if we can get the leadership on the republican side to take that framework, to acknowledge that...
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Dec 6, 2012
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for that, the city will need help from the state and federal government. the election, following sandy, brought a renewed focus on bipartisanship and the need to invest in storm protection. but mayor fraim will be competing with other coastal areas to secure much needed federal dollars. >> there is a huge investment by the nation for its defense here and we are the only home for nuclear aircraft carriers on the entire atlantic coast. we are worth preserving for sure. it is something that is happening to us. we sense it. we know it. we have studied it. and now we are trying to prepare for it. >> reporter: with the cost of repairing the damage from sandy now totaling more than $50 billion for new york and new jersey alone, cities like norfolk are working hard to invest to protect themselves before the next big storm hits. >> woodruff: by the end of the week, the white house is expected to ask congress for an additional $50 billion to $60 billion to cover the cost of repairs from sandy's devastation. and online, you can watch our upcoming story about shellfis
for that, the city will need help from the state and federal government. the election, following sandy, brought a renewed focus on bipartisanship and the need to invest in storm protection. but mayor fraim will be competing with other coastal areas to secure much needed federal dollars. >> there is a huge investment by the nation for its defense here and we are the only home for nuclear aircraft carriers on the entire atlantic coast. we are worth preserving for sure. it is something that...
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Dec 8, 2012
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. >> under normal economic times this say program that is governed by state law and administered by the state. and states pay up to 26 weeks of benefits, six months for people who lost jobs through no fault of their own. but if bad economic times historically congress has authorized additional levels of benefits. this time it is a program called the emergency unemployment compensation system. and there are four different tiers depending on how bad your state unemployment rate is every state gets 14 weeks. nine states get up to 47 a decisional weeks. and the rest are in betweenment but you have to be over 9% to get that additional 47 weeks. >> brown: so it is this program that is now caught up in the fiscal cliff negotiations. >> right. and it's unique this time around. this particular end of the month is a clear-cuttoff time. we have-- . >> brown: in the past it was phased out. >> right. and as harry said in your piece pointed out this is really the worst time of the year for this to happen. so what we need to do now is not just say oh let's just extend them. i think everyone thinks som
. >> under normal economic times this say program that is governed by state law and administered by the state. and states pay up to 26 weeks of benefits, six months for people who lost jobs through no fault of their own. but if bad economic times historically congress has authorized additional levels of benefits. this time it is a program called the emergency unemployment compensation system. and there are four different tiers depending on how bad your state unemployment rate is every...